Planning to Give with a Charitable Remainder Trust

If you are like many of AiG’s friends who own appreciated stock or real estate, you may be concerned about the high cost of capital gains tax upon the sale of your property. Or perhaps you recently sold appreciated property and are looking for a way to offset your current tax liability with a charitable deduction. If you are entering your retirement years, you may be evaluating options for increasing your income in the future. For all of these reasons, you might consider a Charitable Remainder Trust (CRT).

A CRT permits you to make a gift of your appreciated property and receive payments for a life, two lives, or a term of years. By establishing a CRT, you can bypass capital gains tax. The trust will sell your property tax-free and then reinvest in assets that are intended to produce increased income for you and your loved ones. Best of all, you will receive a current charitable tax deduction for your gift of the trust’s remaining value that will go to charity.

A CRT pays either a fixed annuity amount or a trust amount that changes each year. You may like the security of the annuity with the certainty that you will receive the same annual payments. However, if you opt for the unitrust, your income stream could increase over time with growth in the trust.

The unitrust offers flexible payout options to meet your needs. One popular option permits the unitrust to be invested to increase or decrease your income depending on your current needs. Please contact us if you have questions about a unitrust funded with stock or real estate.

Giving to a ministry that believes, defends, and proclaims God’s Word is a way to glorify God, who owns it all. “Honor the Lord with your possessions, and with the firstfruits of all your increase” (Proverbs 3:9).